The University of Toronto Society of Economic Geologists will be traveling to Chile May 25-June 2, 2018…maybe someone with better knowledge can explain what they do but Mr. Conetta was glad to see them coming
I received my restricted MDMN stock cert from Stiffel. Should I hold the cert or send it to the T.A. to hold for conversion?
Hold it until the conversion. Otherwise you will pay the fee both times. CDCH could decide to pick up the fees for all of us.
Deleted by posted
The Transfer Agent does not hold certificates for shareholders. Either you hold them directly or your boker holds them via the DTC on your behalf.
Some Masglas photos of one of their copper properties taken during a student tour.
Mike Gold, where do you feel that those pictures were taken. Any ideas?
The first picture post states: “Project Los Azules” which was referenced in the Nov. 27 news release from Masglas:
Ok Thanks for your input.
Great news for Masglas, but what about Cdch? Here we are almost in March and still no news as to where we are or what’s happening on the mountain.
Dante what’s up?
Dante seems to be busy:
Looks like Hub is working for Masglas too. Makes me think that team was hired to work on this property and is priority before the Alto. Jmo
Auryn we’re waiting
Auryn hires directors, geo’s, etc… And probably working for masglas properties! seems that way from Dante’s post! what a bunch of crap!! seriously these guys need to communicate with their shareholders.
Been out of the loop for quite some time. Can anyone provide a simple rundown on where we are at. I saw something about dividends, did I miss something?
You are up to date if you read all of AURYN’s updates for 2017.
This sums up where we are at so far this year:
Cerro Dorado Acquires AURYN Mining Claims
Dec 15, 2017
Santiago, Chile and Las Vegas, Nevada, December 15, 2017 – Cerro Dorado, Inc. (Cerro) (OTCMKTS: CDCH) is pleased to announce that it has purchased all of AURYN Mining Chile SpA’s mining concessions in a stock for property transaction.
Prior to the purchase agreement being exercised Cerro issued 38,380,936 common shares to satisfy its $300,000 debt to AURYN Holdings Corporation. This resulted in Cerro having 350 million shares outstanding, no debt, and a 5% equity interest in AURYN Mining Chile SpA. The Cerro Board of Directors increased its authorized share count to 7 billion shares and paid AURYN Mining Chile SpA 6.65 billion common shares and its 5% interest in AURYN for all AURYN’s mining claims.
Cerro now has 7 billion shares issued and outstanding, no debt, and owns 100% of the Altos de Lipangue mining district claims that AURYN Mining Chile SpA took several years to consolidate. We will post the complete contract with a detailed list of the properties as soon as practical.
We are also pleased to announce the following members to our Board of Directors and management team.
Board of Directors
Maurizio A Cordova, CEO, Chairman of the Board
Dante Conetta CFO
Gary Goodin, Esq.
Raul del Solar
Christian Hub, Senior Geologist
David Brownrigg, Senior Mining Engineer
Italo Volante, Legal and Environmental Counsel
Matias Ruiz, Logistical Manager
Edwin Yarihuaman, Data Management
Christian Hub will lead our geological team and David Brownrigg will lead our mining development team.
Shareholders should subscribe to shareholder notifications through our website (https://cerrodorado.com) to receive further announcements and updates regarding corporate matters and the Altos de Lipangue mining district.
Dante Conetta, CFO
Submitted on behalf of the Board of Directors
About Cerro Dorado, Inc.
Cerro owns and controls over 10,500 hectares of mining claims comprising the Altos de Lipangue mining district. The historical mining district is located approximately 30 kilometers northwest of Santiago, Chile. The property has excellent infrastructure including an upgraded access road connected to the Panamericana Norte highway.
Day 4 of the Chile field trip was The Fortuna property owned by Masglas…Is that the property Auryn owns or are they 2 different mines…
Since our buddy Maurizio isn’t going to update is anytime soon hopefully John Bald Eagle will have a report for us as to what these guys are up to
Not one of ours
Fortuna is located in the coastal belt of Chile with easy access roads from Vallenar city. The region is known for iron, copper and gold production. The project comprises a solid block of exploration properties, located in the continuity of the Cretaceous IOCG, porphyry Cu-Au and Fe-Apatite belt. Only 20% of the project has been explored. Previous drilling resulted in attractive Cu-Au intercepts.
71 km with good access roads from Vallenar city.
Mining property. 3800 ha, 100% MASGLAS.
Exploration stage. Mapping, sampling, and partial geophysics and drilling.
Exploration potential. Porphyry Cu-Mo, IOCG and Iron Ore.
The Fortuna project is located 40km SE of Vallenar city, in the Atacama Region of Chile.
The project is located in the coastal belt, fertile in IOCG, Iron ore and Cretaceous porphyry mineralization. (See Figure 1)
IOCG projects are very important in the area as demonstrated by known deposits like Astillas (AMSA; 50Mt@1% Cu), and the recently discovered Dominga (Andes Iron; 2.082 Mt @ 23,3% FeT; 0,07% CuT), Productora (Hot Chili; 214.3 Mt @ 0.48% Cu, 0.1 g/t Au & 138ppm Mo) and Filipina deposits (Minera Activa; 9.3Mt@0.95% Cu, 0.3 g/t Au, 19% Fe inside a Fe ore body of 51Mt @ 27% Fe, 0.12 % Cu).
Iron ore deposits are also very prevalent in this region with deposits like El Tofo (CMP; 71.7Mt @ 39.6% Fe.), Los Colorados (CMP; >420Mt@ 45% Fe) and Romeral (CMP; 100 Mt @ 40% Fe).
Maybe a stupid thought but with Masglas and cdch having common leadership and hearing grumblings of cdch reverse splitting into new IPO, is it possible Masglas would IPO and we get shares thru reverse split?
You have to look at the chains of ownership . Masglas owns Auryn Holding Chile (AHC) company which owns Auryn mining Chile (AMC). MDMN only own a percentage of AMC which owns 95% of CDCH. Then there are the shares of MDMN that AHC purchased form JJ and Family, and they there are the share purchase by management of AHC in the open market . I assume I got this ownership all right.
Masglas is simply too far removed for us to get any interest in them, but we will get our interest in CDCH via are ownership in AMC at some point in the near future.